01
Thu, Oct
46 New Articles

Borenius Advises Paroc Group on Major Offering and Credit Facility

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Borenius has announced that it advised the Helsinki-based Paroc Group in connection with an offering of EUR 430 million high-yield notes to international investors as part of the Group's refinancing.

Paroc is the leading manufacturer of energy-efficient insulation solutions in the Baltic Sea region. Its products are manufactured in Finland, Sweden, Lithuania and Poland and, as of 2013, also in Russia. Borenius acted as the Finnish, Russian, and Lithuanian counsel to the Group. Cravath, Swaine & Moore advised Paroc Group with respect to US law. 

Simultaneously, the firm announced that it assisted Paroc Group on Finnish, Russian, and Lithuanian law aspects of a new EUR 60 million revolving credit facility. English law advice was provided by Macfarlanes LLP.

Borenius's Capital Markets, and Financing teams were led by Partners Juha Koponen and Andrei Aganimov, respectively. Managing Partner Jari Vikio oversaw the coordination of the refinancing arrangement.

Also involved were Capital Markets lawyers Henri Isohanni and Elina Toivakainen, Finance Partners Johannes Ahti and Jenna Saario, Tax lawyers Janne Juusela, Nerijus Jurkus, and Einari Karhu and Sanna Lindqvist, Environmental lawyers Casper Herler, Jessica Hellstrom, Henna Lusenius, Juha Maapera, Insolvency lawyer Antti Husa, Competition lawyer Ilkka Aalto-Setala, Employment lawyers Jani Syrjanen and Juhana Nevala,and Corporate lawyers Andreas Doepel, Evgenia Tetervkova, Ilya Kotov, Evaldas Valciukas, and Jonas Kialeikis.

 

 

Our Latest Issue